Kenya



Entrepreneur
Leah Muniu
Nakuru, Kenya
Followers: 4
Feedback Rating: 100 % Positive (3)
View Lender Feedback
On-Time Repayments: 100% (11)

This Loan
100% Repaid


Disbursed Amount: $600.00
Date Disbursed: Mar 2, 2012
Repayment Status: On Time
Repayment Frequency: Monthly Projected Term: 12 months
Total Cost of Loan: $40.86
Show Cost Breakdown

Lender Interest:
$600.00 at 1.81% annual rate over 12 months = $10.86

Service Fee:
$600.00 at 5.00% annual rate over 12 months = $30.00

Total Loan Cost:
$10.86 + $30.00 = $40.86


Story
About Me

My name is Leah Wanjiku Muniu. I am a married lady with three sons. The second born is joining the college to take a plant operator course in Feb. 2012 the last born is fifteen years in form one at Kijabe Boys High School.
I come form Karunga Centre just as you come from Nakuru on the Nakuru/Nyahururu road you reach a centre called Maili Saba you branch on your right, you take a rough road go past St. John Secondary School then to Karunga Centre. From karunga you go to Murungaru Secondary School many people know Ev. Leah Muni’s residence.

My Business

I do farming business where I keep dairy cows I get 6000 per month from the income of milk which is 72000 per year. I also grow cereals like maize and wheat from wheat I get about 300000 per year and from maize I get about 200000 so the total annual income from my business is 600000.

Loan Proposal

I need to improve my farming skills to maximum yield by adding two extra dairy cows.


Feedback
Positive   3      Neutral   0      Negative   0     

  • Oxfall     Apr 3, 2013

    Positive

    Congratulations on repaying your loans!


  • David2051     Mar 30, 2013

    Positive

    Congratulations on repaying your loans!


  • JeanSmith     Mar 20, 2013

    Positive

    I'm glad I was able to help Leah. I was pleased with her repayment of the loan.


Lenders
Anninymouse

Southampton,  United Kingdom

drakekids

Greensboro,  United States

Aahz

Fremont,  United States

Delph007

Den Haag,  Netherlands

David2051

.,  United States

Oxfall

Gothenburg,  Sweden

JeanSmith

Mercer County,  United States

morgenstern

Oslo,  Norway

Discussion
Ask Leah a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Vivien     Aug 11, 2012

    Hello Lenders,

    My name is Vivien Barbier and I’m a client relationship interns for Zidisha in Kenya. Today, I had a meeting with Mrs Leah Muniu and she showed me the path to her maize and wheat fields.

    I meet Mrs Muniu in Karunga village during a meeting organized by current Zidisha borrowers to present the organization to future members. I’m very grateful to her for coming to the meeting. She agreed to share her experience with Zidisha with others. I think that she made a better job that I did to convince others of the advantages of Zidisha. It was wonderful to see how much enthusiastic she was about Zidisha. She explained me that people like her never go to bank because of the high interests rates but also because of the collaterals that are required. She even told me: “I prefer to stay poor than to go to these banks”. She is also grateful to Zidisha because it has been for her an “eye opener” on the rest of the world. It pushes her to learn how to use computers and interact with people outside her community.

    Mrs Muniu has inherited 5 hectares of lands for her parents and she is renting 3 hectares from another villager. In February, after having paid the school fees of her three children, she didn’t have money anymore to buy seeds for her fields. She was planning to rent her fields to other farms in order to earn at least a small profit.. But then, in March, she has received Zidisha’s loan and things changed. She was able to buy maize and wheat seeds for her 8 hectares. As you can see on the pictures, the crops have grown well since then. The harvest season should start in October and we calculated that her profit should be approximately 45 000 Shilling ($535) in only six month. This profit almost equals the amount of the loan she took. It shows that microcredit loans can be the nudges to start a sustainable activity that will then be able to finance itself. This is very encouraging for the future of Mrs Muniu business.

    Regarding the future, Mrs Muniu hopes that she will be able to buy enough fertilizer for all her fields. This year she didn’t have the money to buy enough of it, so the yield of her fields is not optimal.

    It was a real pleasure to spend a few hours in her company; she is a very smiling and lively person. She made me meet many other villagers and taught me a lot about Kenya. At the end of the meeting, she offered me a delicious Kenyan tea prepared with fresh milk from her own cow and fresh tea leafs.

    Vivien BARBIER
    11th August 2012
    Nakuru, Kenya

    • JeanSmith     Aug 11, 2012

      Vivien,

      Thank you for the informative description of Leah Muniu, her business and the impact Zidisha has had on her life. I am very happy that I was able to help her. I really loved the photos you attached. It is nice to see her and her beautiful property. Her fields look wonderful.

      Jean Smith

    • David2051     Mar 30, 2013

      Vivien, thank you for sharing this!

    • David2051     Mar 30, 2013

      Vivien, thank you for sharing this!


  • Leah Muniu     Aug 11, 2012

    happy to meet with one of you we had a wonderful meeting may god bless you now we want to go and visit the land where i have planted wheat and maize vivien enjoying our stay with him in karunga

Summary
Amount Repaid: $360.18
Amount Remaining: $0.00
Status: Fully Repaid
Date Repaid: Mar 5, 2013

Repayment History
Expected Payments Actual Payments
May 2, 2012 $32.74 May 1, 2012 $32.74
Jun 2, 2012 $32.74 May 1, 2012 $0.25
Jun 1, 2012 $32.49
Jul 2, 2012 $32.74 Jun 1, 2012 $0.51
Jul 1, 2012 $32.23
Aug 2, 2012 $32.74 Jul 1, 2012 $0.76
Aug 3, 2012 $31.98
Sep 2, 2012 $32.74 Aug 3, 2012 $1.02
Aug 30, 2012 $31.72
Oct 2, 2012 $32.74 Aug 30, 2012 $1.27
Oct 1, 2012 $31.47
Nov 2, 2012 $32.74 Oct 1, 2012 $32.74
Dec 2, 2012 $32.74 Oct 1, 2012 $1.80
Nov 30, 2012 $30.95
Jan 2, 2013 $32.74 Nov 30, 2012 $2.05
Jan 4, 2013 $30.69
Feb 2, 2013 $32.74 Jan 4, 2013 $2.31
Feb 2, 2013 $30.44
Mar 2, 2013 $32.74 Feb 2, 2013 $2.56
Mar 5, 2013 $30.18

Leah Muniu
Nakuru, Kenya

100% Repaid